241 Raleigh Pl Lennon, MI 48449
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About this home
COMPLETELY REMODELED BRICK RANCH with LOW Venice Township TAXES right off the Genesee County line, it’s that perfect balance of being far enough away from the hustle bustle but close to all amenities. This home offers 3 LARGE BEDROOMS, 1.5 baths, and approximately 1,100 square feet of beautifully updated living space on the main level PLUS another 1,100 square feet in the newly FINISHED FULL BASEMENT for additional room to spread out. Step inside to find a BRAND-NEW KITCHEN featuring stylish shaker cabinets, high-end QUARTZ countertops, and NEW STAINLESS-STEEL APPLIANCES. The FULLY REMODELED BATHROOMS have new vanities, fixtures, and modern finishes. Throughout the home, you’ll LOVE all new extra wide and extra-long PLANK FLOORING in common areas, NEW CARPET in bedrooms, fresh interior paint on every surface, new trim and front door, and updated electrical and plumbing fixtures. Major updates also include new AIR CONDITIONING, a new ELECTRICAL PANEL, new WATER HEATER, NEW WELL PUMP and ALL NEW WINDOWS that bring in natural light while improving energy efficiency. Outside, enjoy a fully FENCED BACKYARD complete with a garden shed—perfect for storage or outdoor projects. The attached OVERSIZED 2.5 CAR HEATED GARAGED with workbench blends workspace with storage. With its solid brick construction, high-end finishes, and MOVE-IN-READY condition, this home is the perfect blend of quality, style, and value. This impeccably maintained home is proudly offered to ALL BUYERS including FHA, RD, and, of course, our VETERANS. Further, the sellers are offering a FREE ONE YEAR HOME WARRANTY for all buyers for peace of mind. You will LOVE this home!
Source: REALCOMP #20251042295
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.